Federal Deposit Insurance Corp.

Federal Deposit Insurance Corp.: WASHINGTON - U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans. , according to Winnipeg Free Press. The industry earned $40.3 billion in the first quarter, the Federal Deposit Insurance Corp. said Wednesday. That's the highest figure ever for a single quarter. And it's up 15.8 per cent from the first quarter of 2012. FILE - In this Tuesday, Jan. 15, 2013, file photo, lights are on at Goldman Sachs's headquarters, in New York. The FDIC issues the U.S. banking industrys financial results for the January-March quarter, on Wednesday, May 29, 2013. AP Photo/Mark Lennihan, File The largest banks are increasingly driving the industry's profits, while many smaller institutions continue to struggle. (www.immigrantscanada.com). As reported in the news.